Develop a checklist for important potential pitfalls

Please provide the checklist and pitfalls. Legal issues I can handle.

Task Rabbit (formerly RunMyErrand) is a new venture which is expanding. Develop a checklist of what you regard as the most important legal issues and potential pitfalls likely to face the venture and then apply this list to assess the venture's likelihood of success.

Reference Materials:

Taskrabbit.com website viewed December 3, 2010

Roush, W. 2009. RunMyErrand Picks Up $1 Million from West Coast Venture Firms, viewed at http://www.xconomy.com/boston/2009/10/30/runmyerrand-picks-up-1-million-from-west-coast-venture-firms/ December 3, 2010

Roush, W. 2010. TaskRabbit Kicks Off Errand-Running Service in San Francisco, Boston 'Burbs, viewed at http://www.xconomy.com/san-francisco/2010/06/22/taskrabbit-kicks-off-errand-running-service-in-san-francisco-boston-burbs/ December 3, 2010.

Solution Preview

Task Rabbit (formerly RunMyErrand) is a new venture which is expanding. Develop a checklist of what you regard as the most important legal issues and potential pitfalls likely to face the venture and then apply this list to assess the venture's likelihood of success.

The legal issues have not been addressed.

Potential pitfalls:

A decline in demand: This can lead to excess capacity.
Emergence of new competitors: There are no entry barriers in this business:
A mistake in background check: This can be disastrous and can lead to crime:
Unionization of runners: This can lead ...